FeaturedLocalNews

Police investigating alleged money laundering

by: - April 1, 2021
446 Views   no discussions

The Commonwealth of Dominica Police Force has arrested two men, Aaronie Ashtead Steadman of St. Joseph and Kendal Sylvester of Woodford Hill, on suspicion of money laundering.

On Thursday, March 25th, 2021, members of the Commonwealth of Dominica Police Force along with officers from the Custom and Excise Division executed a search warrant for cash at an apartment located at Comfort Cottages Ltd in Paix Bouche.

Acting Chief of Police, Lincoln Corbette said, “Investigations revealed that Comfort Cottages Ltd was incorporated in 2006 with a registered address as 13 River Street, Roseau.”

“During the search, a large quantity of United States currency equivalent to one million, three hundred and twenty-two thousand, six hundred and sixty-seven dollars and twenty-seven cents (EC $1,322,667.27) was recovered.”

Corbette further informed that “On Monday, March 29, 2021, pursuant to the provisions of the proceeds of crime act of 2013, a forfeiture application was filed at the Magistrate’s court for the forfeiture of the cash. On Tuesday, March 30, 2021, the seized cash was deposited in the detained fund account at the National Bank of Dominica (NBD) LTD.

The men were released pending an investigation for money laundering by the Financial Intelligence Unit (FIU).